East West Petroleum Corp. (V:EW*CA)
Business Focus: Oil & Gas Exploration and Production (NEC)
| Sector: Energy | Industry: Oil & Gas Exploration and Production |
| Company Contact | |
| Address: | 1305 - 1090 West Georgia Street VANCOUVER BC V6E 3V7 |
| Tel: | N/A |
| Website: | www.eastwestpetroleum.ca |
| IR: | See website |
| Key People | ||
| Nick Demare Interim Chief Executive Officer, Corporate Secretary, Director | Harvey Lim Interim Chief Financial Officer | |
| Business Overview |
| East West Petroleum Corp. is a Canada-based junior oil and gas company. The Company is engaged in the exploration, development and production from certain of its oil and gas properties. Its portfolio consists of interests in exploration concessions in New Zealand and Romania and producing properties in the Taranaki Basin, New Zealand. In New Zealand, it holds a 30% working interest in the Petroleum Exploration Permit (PEP) 54877 and the Petroleum Mining Permit PMP 60291 (Cheal East). PMP 60291 is the location of the Cheal E-Site and the Cheal E-site production facility as well as the Cheal-E wells. The oil and gas production comes from over five wells on the Cheal-E site, the Cheal-E1, E2, E5, E6 and E8 wells. It also has interests in over four blocks, Tria (EX-2), Balle Felix (EX-3), Periam (EX-7) and Biled (EX-8), which covers a total of approximately 4,079 square kilometers (1,007,500 acres) and are located in western Romania on the eastern margin of the producing Pannonian Basin. |
| Financial Overview |
| For the nine months ended 31 December 2023, East West Petroleum Corp revenues decreased 8% to C$2.1M. Net loss totaled C$159K vs. income of C$349K. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Net loss reflects Foreign Exchange decrease from C$49K (income) to C$254K (expense), General Exploration increase from C$0K to C$15K (expense). |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $0.80M as of Dec 31, 2023 |
| Annual revenue (TTM): | $2.58M as of Dec 31, 2023 |
| EBITDA (TTM): | $0.15M as of Dec 31, 2023 |
| Net annual income (TTM): | $0.37M as of Dec 31, 2023 |
| Free cash flow (TTM): | $0.59M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | N/A |
| Shares outstanding: | 89,585,665 as of Dec 31, 2023 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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